New York State Tribute Foundation Inc

Analysis

New York State Tribute Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York State Tribute Foundation Inc reported income of $374k and spending of $314k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $374k (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 32% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York State Tribute Foundation Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Joyful Journey Inc ($374k), T1international USA ($374k) and Waterlife Pregnancy Care Center ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 0.7% of the total. At year end it held assets of $7.6m against liabilities of $1,705, net assets of $7.6m.